BUS 375 Final Exam Part 1 (2 Set)\t\u00a0\t\u00a0\t“\ufffd Question 1 Most of the scheduling methods available today require the project manager to classify the project as either _______ constrained or ______ constrained. \t“\ufffd Question 2 In reviewing the status of her project with top management, Shirley was told that there are only two programmers that she can use for her project. Her project is classified as __________ constrained. \t“\ufffd Question 3 Gene is trying to order the concrete needed to continue his project. However, the supplier will not be able to deliver it until next week. This is an example of what kind of resource constraint? \t“\ufffd Question 4 Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak demand on resources is known as resource\t“\ufffd Question 5 All resource leveling techniques involve \t“\ufffd Question 6 When a company will reduce the number of projects they have to manage internally to only core projects and send noncritical projects to contractors and consulting firms this is called\t“\ufffd Question 7 Tony has realized that two activities in his project cannot be done at the same time because not enough resources are available. Activity 3 is critical and has a duration of 5 days. Activity 4 has 2 days of slack and a duration of 2 days. How will he decide which activity should be scheduled first? \t“\ufffd Question 8 Which of the following is NOT a potential consequence of failing to identify limited resources before project implementation? \t“\ufffd Question 9 In a Project Cost-Duration Graph, total project costs are a sum of\t“\ufffd Question 1 0 The direct cost for completing an activity in the shortest time it can realistically be completed in is called its __________ cost. \t“\ufffd Question 11 Which of the following projects would be least benefited if additional resources were added? \t“\ufffd Question 12 It is going to cost $80,000 a day simply to house and feed a construction crew in the farthest reaches of northern Alaska. This would be an example of a situation requiring reducing the project duration due to \t“\ufffd Question 13 Which of the following is NOT considered a project indirect cost?\t“\ufffd Question 14 When reducing project duration, the duration for a project that is optimal is at the point where \t“\ufffd Question 15 Before crashing, direct costs for an activity represent normal costs, which typically mean low-cost, efficient methods for completing the activity in a(n) ________ amount of time. \t“\ufffd Question 16 The shortest possible time an activity can be completed realistically is called ___\u00ac\u00ac\u00ac_____ time. \t“\ufffd Question 17 The attempt to recognize and manage potential and unforeseen trouble spots that may occur when a project is implemented is known as \t“\ufffd Question 18 The cost impact of a risk event occurring as a project proceeds through its life cycle tends to \t“\ufffd Question 19 An uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives is termed a \t“\ufffd Question 20 Organizations use __________ in conjunction with work breakdown structures to help management teams identify and eventually analyze risk. \t“\ufffd Question 21 Which of the following is NOT one of the steps in the risk management process? \t“\ufffd Question 22 The risk management tool that is divided into three color-coded zones representing major, moderate, and minor risks is the risk \t“\ufffd Question 23 _______________ focuses on how to respond to events that have a positive impact on a project. \t“\ufffd Question 24 Risks that can result in a system or process that will not work are known as \t“\ufffd Question 25 Tools such as a risk assessment form and a risk severity matrix are used to \t\u00a0\tSet 2\t\u00a0\t“\ufffd Question 1 Ed is looking over the actual results of projects and comparing them to what was estimated. He notices that the projects that took six months or longer to complete were noticeably more off the estimates. Which of the following factors is he recognizing? \t“\ufffd Question 2 The salary of the project manager would be an example of what type of cost found in a project? \t“\ufffd Question 3 Which of the following does NOT help describe a bottom-up estimating approach? \t“\ufffd Question 4 Which of the following would best represent direct project costs? \t“\ufffd Question 5 Accounting would be an example of which of the following costs typically found in a project? \t“\ufffd Question 6 Which of the following is a good condition for top-down estimating? \t“\ufffd Question 7 Which of the following methods is NOT considered a top-down approach to estimating project time and cost? \t“\ufffd Question 8 Which of the following top-down methods is used when projects closely follow past projects in regard to features and costs of those features, and result in costs being assigned by percentages to major segments of the project? \t“\ufffd Question 9 What is the relationship between organizational culture and estimating? \t“\ufffd Question 10 Refining estimates may be necessary for a number of reasons. For example, people working on prototype development needing time to interact with the design engineers after the design is completed is a good example of \t“\ufffd Question 11 Which of the following describes the consensus method? \t“\ufffd Question 12 Rob is responsible for estimating a work package that has a significant amount of uncertainty associated with the time and cost to complete. Due to the uncertainty involved he will be making a low, an average and a high estimate. Rob is using which estimating approach?\t“\ufffd Question 13 Companies are using which of the following for improving the estimating process for future projects? \t“\ufffd Question 14 Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is scheduled to start in 5 working days, but the hardware is on backorder and will not arrive for another 9 working days. Fortunately, Tom has 10 days of slack; however, he shares this slack with the hardware installer. He will have to let the contactor know that the hardware will be ready 4 days later than expected and that the slack for the installer has been reduced by 4 days. Tom and the installer share 10 days of \t“\ufffd Question 15 Which of the following correctly calculates the late start for an activity? \t“\ufffd Question 16 System documentation cannot end until three days after testing has started. This is an example of which kind of lag? \t“\ufffd Question 17 If testing cannot be completed any earlier than four days after the prototype has been built, what type of lag exists? \t“\ufffd Question 18 Which of the following does NOT help describe a project network? \t“\ufffd Question 19 Information to develop a project network is collected from the \t“\ufffd Question 20 ________ activities are to be completed immediately following a particular activity. \t“\ufffd Question 21 A(n) _________ activity has more than one dependency arrow flowing from it. \t“\ufffd Question 22 The likelihood the original critical path(s) will change once the project is initiated is referred to as \t“\ufffd Question 23 A sequence of connected, dependent activities is termed a(n) \t“\ufffd Question 24 The critical path in a project network is the \t“\ufffd Question 25 Which of the following correctly calculates the early finish for an activity?<\/p>\n","protected":false},"excerpt":{"rendered":"
BUS 375 Final Exam Part 1 (2 Set) \u00a0 \u00a0 “\ufffd Question 1 Most of the scheduling methods available today require the project manager to classify the project as either _______ constrained or ______ constrained. “\ufffd Question 2 In reviewing Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-204797","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/204797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=204797"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/204797\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=204797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=204797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=204797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}